GREY:AVNDF - Post by User
Comment by
hawkowl1on Jan 28, 2013 10:22am
157 Views
Post# 20898746
RE: RE: RE: RE: RE: RE: Elbow River Funds, Severan
RE: RE: RE: RE: RE: RE: Elbow River Funds, Severan I would be shocked to see this merger fail. Despite all the critics on this thread it is in the best LONG TERM
interest of Avenex shareholders to go along.
Only need 66% approval from each company involved with this deal.
Too many small junior's in Canada. This is a trend. Bigger is better.
"Each party has agreed to pay a non-completion fee of approximately 2.5 per cent of its enterprise value to the other two parties in certain circumstances as set forth in the arrangement agreement, and in the case of AvenEx such non-completion fee is also payable in the event the merger does not close as a result of the Elbow River sale condition not being satisfied."